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What is it called when banks record which account gives up money and which account receives money when a customer writes a check?
Check clearing is when banks record which account gives up money and which account receives money when a customer writes a check.
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Asked 4/30/2013 2:05:59 PM
Updated 309 days ago|1/14/2018 7:13:46 PM
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Edited by jeifunk [1/14/2018 7:13:46 PM]
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Check clearing is when banks record which account gives up money and which account receives money when a customer writes a check.
Added 309 days ago|1/14/2018 7:13:42 PM
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Why does a bank sometimes hold excess reserves
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Expert Answered
Updated 9/23/2014 11:40:25 PM
1 Answer/Comment
A bank sometimes hold excess reserves: To be sure they can meet their customers' demands.

Added 9/23/2014 11:40:25 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/24/2014 12:27:35 AM]
What is one service the Fed performs for the Treasury Department?
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Updated 135 days ago|7/7/2018 10:58:27 PM
1 Answer/Comment
It processes payments, such as Social Security checks is one service the Fed performs for the Treasury Department.
Added 135 days ago|7/7/2018 10:58:27 PM
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Confirmed by Janet17 [7/8/2018 8:25:23 AM], Janet17 [7/8/2018 8:25:23 AM]
Tight money policy is _____.
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Expert Answered
Updated 333 days ago|12/21/2017 9:11:27 PM
1 Answer/Comment

Tight monetary policy is a course of action undertaken by the Federal Reserve to constrict spending in an economy that is seen to be growing too quickly or to curb inflation when it is rising too fast.

Added 333 days ago|12/21/2017 9:11:27 PM
This answer has been confirmed as correct and helpful.
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